Wednesday, September 28, 2022

Banknotes with images of the Queen still valid: Bank of England

Following the death of the Queen, new coins and notes bearing the image of King Charles III are likely to soon be issued.

• September 9, 2022

Following the monarch’s passing on Thursday, the Bank of England declared that its banknotes bearing the picture of Queen Elizabeth II will still be valid legal tender.

The bank stated in a statement acquired by Peoples Gazette on Friday that its decision to keep the queen’s image on the country’s banknote was taken because the queen’s iconic photographs are associated with some of the bank’s most important works.

“As the first monarch to feature on the Bank of England’s banknotes, the queen portraits are synonymous with some of the most import works we do. Current banknotes featuring the image of Her Majesty The Queen will continue to be legal tender. A further announcement regarding existing Bank of England banknotes will be made once the period of mourning has been observed,” the central bank said.

Queen Elizabeth was the first monarch to feature on Bank of England banknotes.

The bank further detailed further announcements regarding the country’s existing banknotes will be made once the period of mourning is over.

Following the death of the Queen, new coins and notes bearing the image of King Charles III are likely to soon be issued.

According to the Guardian UK, there are 4.5 billion sterling bank notes with the Queen’s picture on them in circulation, totaling £80 billion. It also predicted that replacing them with substitutes displaying the future monarch’s head is expected to take at least two years.

Peoples Gazette on Thursday reported that The longest-reigning monarch passed away at age 96 on Thursday afternoon after health complications in Balmoral royal garden in Aberdeen, Scotland.

We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.

More from Peoples Gazette

Adams Oshiomhole Photo Credit Channels


Oshiomhole says Buhari “huge electoral asset” to Tinubu after detaching campaign from regime’s failures

Mr Oshiomhole said Mr Buhari will garner support for the APC presidential candidate across the country.

Bola Ahmed Tinubu [Credit: BAT]

Heading 2

2023: Tinubu warns Nigerians against voting ‘another mistake’ into power

Mr Tinubu urged the people to be “wise and discerning” as they prepared to choose the country’s next president, in the 2023 general election.

Karim Benzema


I want more, Benzema says after picking hattrick awards in one day 

Benzema won the La Liga Santander Pichichi Trophy, Di Stefano Trophy and the Hyundai Supporters’ MVP Trophy.

Tinubu Support Group


Tinubu, Shettima absent as support groups flag off APC presidential campaign in Abuja

Majority of Tinubu Support Organisations thronged the venue in their numbers bearing all manners of placards and banners.

Hot news Home top

Trigger-happy naval operatives open fire on journalist, humanitarian workers on Ondo waterways

The journalists and the officials were on their way from a free medical outreach in the riverine communities when they were attacked at Odofado.

Atiku Abubakar (Credit: AA)


Atiku calls for unity among PDP stakeholders for success in 2023

He promised to address Nigeria’s numerous challenges, if eventually elected as Nigeria’s president in 2023.